Lakin Township, Minnesota Demographics

The total population of Lakin township is estimated to be 440 with 254 males (57.73%) and 186 females (42.27%). There are 68 less females than males in Lakin township.
The median household income in Lakin township was $72,286 in 2021, which marked an a decrease of 306(0.42%) from $72,592 in 2020. This income is 96.89% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lakin township sees its highest median household income among householders in the age group of 25 to 44 years old, at $113,864. Overall, the median household income for the township of Lakin township stands at $72,286.
In Lakin township, the median income for all workers aged 15 years and older, regardless of work hours, was $41,435 for males and $29,146 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,300 for males and $44,588 for females.
In Lakin township, population is primarily represented by White households, reporting a median income of $72,286.
In 2022, the population of Lakin township was 467, a 0.86% increase year-by-year from 2021. Previously, in 2021, Lakin township's population was 463, an increase of 0.87% compared to a population of 459 in 2020.
The median age in Lakin Township, Minnesota is 42.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.71% were under the age of 15, 21.81% aged 15 to 29, 49.88% aged 30 to 64, 10.90% aged 65 to 84, and 0.70% were 85 years of age and older.
Racial distribution of Lakin township population: 98.14% are White, 0.70% are Black or African American, 0.23% are American Indian and Alaska Native, 0.23% are Asian and 0.70% are multiracial.